EARNINGS AND TRADING: Zambeef names new Chair
19th Jun 2024 16:45
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Power Metal Resources PLC on Wednesday said that it has disposed its remaining interest in New Ballarat Gold Corporation PLC, the Australia-based exploration company that owns Red Rock Australasia Pty Ltd. Read More
Red Rock Resources PLC - resources development company focused on gold, base metals, battery metals, and hydrocarbons projects in Africa and Australia - Says all conditions relating to purchase of remaining 49.9% stake of Red Rock Australasia Pty Ltd from Power Metal Resources PLC have been fulfilled. Expects deal to complete by June 16. Red Rock will deliver to Power Metal Resources GBP250,000 in convertible loan notes, with a conversion price equal to the price of any placement of new shares of Red Rock raising proceeds of over GBP200,000. Should conversion not be undertaken within six months from March 8, the CLNs of GBP250,000 are repayable immediately as cash and Red Rock will deliver 166.7 million shares to Power Metal, with accompanying warrants exercisable at 0.25p per share in Red Rock. Read More
Red Rock Resources PLC - resources development company focused on gold, base metals, battery metals, and hydrocarbons projects in Africa and Australia - Agrees short extension of the long stop date relating to taking 100% ownership of Red Rock Australasia Pty Ltd from Power Metal Resources PLC to Tuesday. This reflects Monday's public holiday in Australia. Explains an announcement relating to the transaction will therefore not be issued before Wednesday. Power Metal Resources acknowledges the statement. Further, Red Rock discloses "exceptional" gold drill results from Australia. In addition, says preparation of operating sites continues at Bilbale and Boulon in Burkina Faso. Due to increase in air freight charges, decides to to transport containers by sea. Target times for arrival are early July. Chief Executive Andrew Bell comments: "Progress towards continuous operations in Burkina Faso continues satisfactorily. The scale of the logistics operation is considerable, and involves overcoming regulatory challenges at the points of both export and import." Bell describes results in Australia as "astonishing." Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Power Metal Resources PLC on Monday said it completed the acquisition of 75% of GSA (Environmental) Ltd shares, as previously announced in late February. Read More
(Alliance News) - Power Metal Resources PLC on Tuesday announced the successful completion of a drilling campaign in Botswana. Read More
(Alliance News) - Power Metal Resources PLC on Wednesday said that its shares have been admitted to, and begun trading on, the OTCQB Venture Market in the US. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Power Metal Resources PLC on Tuesday announced a proposed share consolidation has been approved by shareholders. Read More
(Alliance News) - Power Metal Resources PLC on Monday updated on the planned initial public offering of a number of its uranium interests using Uranium Energy Exploration PLC as a vehicle to achieve an admission to AIM. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Katoro Gold PLC on Thursday appointed Sean Wade as non-executive chair with immediate effect Read More
(Alliance News) - Power Metal Resources PLC on Wednesday reported that full-year revenue more than doubled, and its loss narrowed. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Katoro Gold PLC - London-based gold and nickel exploration and development company - Proposes hiring Sean Wade, chief executive officer of Power Metal Resources PLC, as non-executive chair. Katoro and Power Metal are joint venture partners on the Haneti Project in central Tanzania. Wade previously served in various senior mining roles including at Berkeley Energia PLC, Pensana PLC and Asia Resource Minerals PLC, and "has worked on numerous transactions in the capital markets". Former Chair Louis Coetzee will remain as executive director after Wade's appointment until a new director is appointed. He will then leave the board and company, but serve as a consultant to Katoro until July 31. Read More
Power Metal Resources PLC - exploration company focused on North America, Africa, and Australia - Confirms commencement of diamond drilling at Molopo Farms Complex Project in southwestern Botswana, where it is targeting a district-scale nickel and platinum group element discovery. Drilling targets a steeply-dipping high-priority conductor at target area T1-14 with depth of 700 to 800 metres. Company also recently completed ground audio-frequency magnetotelluric or AMT work at T1-14 and T1-9, aiming to further refine targeting at two locations along the multi-kilometre scale steeply-dipping conductor. Data allowed Power Metal to further refine targeting at T1-14 before starting drilling. Read More